Indiana

Voters across the Midwest elected new leaders, embraced the borrowing pleas of some school districts while nixing others, and rejected a controversial marijuana initiative in one state.

The Indiana Finance Authority's chief financial and chief operating officer, Dan Huge, will take the helm of the agency that serves as the state's borrowing arm.

The developers of a $2.8 billion Indiana fertilizer plant will remarket $1.26 billion of debt as they continue trying to finalize project details they have to nail down before they can roll the securities into a long-term structure.

Indianapolis received a first time general obligation rating of AA-plus from Kroll Bond Rating Agency.

Indiana Gov. Mike Pence unveiled a new $1 billion, four-year road and bridge construction plan that draws from reserves and calls for new borrowing.

Moody’s Investors Service dropped Good Samaritan Hospital in Knox County, Indiana by one level to Baa2 and warned of the potential for further deterioration by leaving a negative outlook on the rating.

Chicago-based investment firm David A. Noyes & Company has hired former Indiana public finance director Mark Moore as part of an expansion of the firm’s Indiana investment banking team.

The Federal Highway Administration filed a motion Tuesday dropping its appeal of an adverse lower court ruling that the government illegally approved the controversial $1.5 billion Illiana toll road project.

After getting hit with multi-notch downgrades on its water and sewer bonds, the Indianapolis suburb of Carmel is considering raising its utility rates.

Issuers in the Midwest sold $37.5 billion of municipal bonds in the first half of 2015, up 17.5 % from the same period of 2014 as refundings made up for a decline in new money issuance.

Indianapolis won triple-A ratings on its stormwater bonds as it gears up for a $300 million capital plan.

Indiana fiscal officials released final year numbers Thursday, saying the state brought in $210 million more than it spent in 2015, boosting its prized reserve fund to $2.1 billion.

Months after the original private owner of the publicly owned toll road went bankrupt, the new owner, Australian fund manager fund IFM Investors, is set to complete the financing of its takeover bid next week.

Six months after an Indiana school district defaulted on bond payments, Standard & Poor's affirmed its A rating on the bonds and removed them from negative CreditWatch.

Indiana is bringing $95 million of highly-rated taxable appropriation-backed bonds to market this week to finance an upgrade to the state's most popular sports facility, the Indianapolis Motor Speedway.

A federal judge Tuesday said federal approval of a controversial $1.5 billion toll road between Indiana and Illinois was “arbitrary and capricious” and in violation of federal environmental law.

A coalition of environmental groups wants the Federal Highway Administration to withdraw its support for the controversial Illiana Corridor toll road.

The director of Indiana's Office of Management and Budget is leaving the state to take a job with a nursing home construction company.

Indianapolis will not be building a new $400 million criminal justice center after the city-county council killed the proposal.

Indiana will continue to suspend all work and contracts tied to the $1.5 billion Illiana Corridor toll road until the fate of the controversial project becomes clear in cash-strapped Illinois.